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Dec 18, 2012
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i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yesterday. s&p futures at this point are up by better than seven points and the nasdaq futures up, as well, by about 17. european shares rising. germany is up, the ftse is up, the france, the cac in france has turned sli
i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for...
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Dec 19, 2012
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. >> he's full of life, becky. in a european way, he's full of manliness and life. >> a freak. >> he's a sexual freak. but don't you think it would be better as a musical? >> yes. that point i agree with. >> seriously. this should be -- then i might go. >>> let's check the markets this morning. as we've been talking about, the futures have been indicated higher. right now you see that those dow futures are up by 33 points. this comes after two big days of gains. there's a lot of talk that they are moving closer to some sort of an agreement over the fiscal cliff. now you also have this plan b that boehner has come up with. this is going to be something where in his idea they would raise -- they would keep tax rates low, keep the same tax rates on anybody who's making a million dollars or less. >> the rest -- >> the plan in the senate is for $250,000 and below. the president has talked about $400,000 and below. but this plan b is interesting because it does keep the sequestration cuts in place. >> we've got to deal w
. >> he's full of life, becky. in a european way, he's full of manliness and life. >> a freak. >> he's a sexual freak. but don't you think it would be better as a musical? >> yes. that point i agree with. >> seriously. this should be -- then i might go. >>> let's check the markets this morning. as we've been talking about, the futures have been indicated higher. right now you see that those dow futures are up by 33 points. this comes after two big days of...
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Dec 6, 2012
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i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons cited by analysts, a forecast by an influential research firm suggesting that the iphone and ipad maker is continuing to give up ground it rival the android gadgets. there were also unconfirmed reports that at least one major stock clearing house was raising margin requirements. and then there's the fiscal cliff. analysts citing fears about a hike in capital gains tax in 2013. rick santelli has been talking about this, though, the things that were up in 2012, those are the things being sold now, whether that be gold or any number of assets that rose appreciably over the course of the last yea
i'm becky quick along with joe kernen. andrew ross sorkin is on vacation this week. onset with us is drew mattis. welcome. thanks for getting up early. >> i'm always up at this time. >> we'll be going through secretary geithner's comments, but first let's get you up to speed on other stories. joe was talking about apple. it has been a rough ten weeks for the most valuable u.s. company. shares tumbling more than 6% yesterday shedding $35 billion of market value. among the reasons...
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Dec 7, 2012
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i'm becky quick along with joe kernen and steve liesman. the november jobs report is now just about 150 minutes away. count do countdown is on. the economy probably added about 80,000 jobs last month. reuters consensus is a little higher at 93,000. the unemployment rate expected to hold steady at 7.9% and economists say the slow down in nonfarm payrolls will reflect the effect of sandy. joining us this hour is bank of america merrill lynch global research senior research economist michelle mire and we'll talk through everything that's been happening through jobs and what to expect. but first, there is a developing story. an earthquake off the northeast coast of japan triggered a tsunami warning. the warning has been lifted, but it was a 7.3 quake. so far no reports of any injuries or damage. it was for the same area devastated by an earthquake and tsunami back in march of last year. we will continue to bring you any developments. in the meantime, steve has some of the morning's top other stories. >> let's start with the markets. asian stock
i'm becky quick along with joe kernen and steve liesman. the november jobs report is now just about 150 minutes away. count do countdown is on. the economy probably added about 80,000 jobs last month. reuters consensus is a little higher at 93,000. the unemployment rate expected to hold steady at 7.9% and economists say the slow down in nonfarm payrolls will reflect the effect of sandy. joining us this hour is bank of america merrill lynch global research senior research economist michelle mire...
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Dec 10, 2012
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becky, can i ask you a question? >> you may. >> was that a picture of joe running a santa claus race over there? >> ah-ha! where's your button? do you have your button on today, erskine? >> i have it on my coat. i didn't wear my coat. i've got it on my coat. >> you wear it everywhere, don't you? >> i wear it everywhere. >> you seeing any of that, erskine? >> look, i think the atmospherics are getting so much better. we've kind of got down to the kabuki theater and moved on to, you know, dancing the tango with the guys. any time you start to tango you got a chance. >> when we've talked to you in the past you said that there's probably about a 33% chance that we go over the fiscal cliff. you are sounding a little more optimistic. what do you think the odds are now? >> oh, gosh, i probably, you know, i probably think it's more like a 40% chance we'll likely get it done before the end of the year, probably 25% chance we'll get it done right after the end of the year, and then there's that horrible 35% chance that we'll s
becky, can i ask you a question? >> you may. >> was that a picture of joe running a santa claus race over there? >> ah-ha! where's your button? do you have your button on today, erskine? >> i have it on my coat. i didn't wear my coat. i've got it on my coat. >> you wear it everywhere, don't you? >> i wear it everywhere. >> you seeing any of that, erskine? >> look, i think the atmospherics are getting so much better. we've kind of got down to the...
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Dec 11, 2012
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i'm becky quick. here is what we know right now. the pace of private talks picking up speed as we now have just 20 days left. however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime, speaker boehner says he is still waiting on specific spending cuts. joining us now for analysis, tony fratto, of hamilton place strategies and former white house press secretary and gerald bernstein former economic adviser to vice president joe biden. gentlemen, thank you for being here with us and getting this special day of coverage kicked off for us. >> rising early and rising above. >> exactly. let's talk about this. jared, it seems like things have gotten quieter. do you think that's the case? is that a good sign? >> i think it's probably a pretty good sign. if you look at this morning'
i'm becky quick. here is what we know right now. the pace of private talks picking up speed as we now have just 20 days left. however, neither the white house nor house speaker boehner's office are giving any public indication that either side is yet prepared to give up real ground. on a road trip yesterday, president obama indicated that he is willing to compromise, just not on that point about an increase in tax for relthy americans. meantime, speaker boehner says he is still waiting on...
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Dec 5, 2012
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i'm becky quick along with joe kernan. joining us onset, dan greenhaus, chief global strategist at bgit. and as i mentioned, we have a big lineup for this house, steny hoyer will be joining us in a moment to talk about the path to fiscal compromise. at 8:15 eastern time, we'll get the unemployment numbers, economists are expecting an increase of 125,000 private sector jobs in november. in the back half of the hour, we'll talk about the impact of fiscal cliff on the businesses and the market. jeff solomon is the ceo of cowan and company. but before we get to all that, joe has your morning headlines. >>> president obama's going to speak to the business round table today about the ongoing fiscal cliff talks. boeing ceo jim mcnearney says members want a balanced solution in debt issues, including meaningful and comprehensive tax and entitlement reforms. well, you're not going to get that. anyway -- sorry, jim. we're going to be watching facebook stock today. the company will join the nasdaq -- got to watch it. i'm trying to ri
i'm becky quick along with joe kernan. joining us onset, dan greenhaus, chief global strategist at bgit. and as i mentioned, we have a big lineup for this house, steny hoyer will be joining us in a moment to talk about the path to fiscal compromise. at 8:15 eastern time, we'll get the unemployment numbers, economists are expecting an increase of 125,000 private sector jobs in november. in the back half of the hour, we'll talk about the impact of fiscal cliff on the businesses and the market....
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we will hear becky personally. >> becky will remind us what's going on today. a pen fee of them will go october trade sales. the like day for earning, that's due before the opening sales. >> always a good read. >>> protests in egypt's tahrir square turns to violence this morning with nine reportedly injured from an unknown gunman. we'll have the latest from cairo when we come back. >>> you are watching "worldwide exchange." these are your headlines. talks on the cliff seem to be advancing as the gop is ready to negotiate. >>> berlusconi sets up the rhetoric on monti. and hsbc settles money laundering charges and agree toes pay a record $1.9 billion fine. nine people have reportedly been injured after unknown gunmen fired at protesters in tahrir square early this morning. mass rallies have been called by both anti-and pro government supporters and ongone divisions over the role of president mohamed morsi. ayman, what's the latest? >> reporter: good morning, kelly. there's been a series of attacks that happened about 1:00 a.m. or 2:00 a.m. local time. it attacks
we will hear becky personally. >> becky will remind us what's going on today. a pen fee of them will go october trade sales. the like day for earning, that's due before the opening sales. >> always a good read. >>> protests in egypt's tahrir square turns to violence this morning with nine reportedly injured from an unknown gunman. we'll have the latest from cairo when we come back. >>> you are watching "worldwide exchange." these are your headlines. talks...
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Dec 14, 2012
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becky quick. she knew how important that was when he said he was going to do whatever it took to preserve the euro, that statement earlier this year sort of turning things around, at least temporarily. >> you showed a picture of damian hurst. >> no, right here. >> you showed the guy with the zebra and i'm going, draghi has a lot of style. >> no, right here. up here. >> oh, okay. >> the man with the printing press. >> i know who he is. i told you my latest tie that i get from those guys has bernanke with a helicopter and it has draghi, too, and euros and dollars coming out of the hell koepter. because they're on board. let's go across the pond to where they print this paper. kelly evans is standing by in london and may have some views on the man being ownered t today. i didn't know the newspapers honor people like that. oh, you see, that's the way to hold it. >> yeah. you showed damian hurst. >> i can hold a mean newspaper, andrew. mario draghi is the financial person of the year. this is from the
becky quick. she knew how important that was when he said he was going to do whatever it took to preserve the euro, that statement earlier this year sort of turning things around, at least temporarily. >> you showed a picture of damian hurst. >> no, right here. >> you showed the guy with the zebra and i'm going, draghi has a lot of style. >> no, right here. up here. >> oh, okay. >> the man with the printing press. >> i know who he is. i told you my...
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becky? >> julia, thank you very much. we'll be watching all that as it comes out later today. >>> let's talk consequences of the fiscal cliff. companies of announces dividends in recent days trying to avoid the tax hikes set to kick in at the end of the year. who is really making money on this? >> a lot of people especially ceos more than 110 companies have announced special dividends in the fourth quarter alone that's more than three times last year's fourth quarter. the reason? the fiscal cliff. if we go off the cliff tax rates on dividends could go from 15% to more than 43%. companies are racing to beat the tax hikes by paying dividends before december 31st and some of the biggest beneficiaries, both insiders and ceos. mickey arison is getting $89 million from carnival giving him a potential tax savings. and larry elison is getting savings around $56 million. thomas frist at hca is getting around $350 million, saving him $100 million. and kkr and bain capital will get a big piece of the dividends. the king of all divid
becky? >> julia, thank you very much. we'll be watching all that as it comes out later today. >>> let's talk consequences of the fiscal cliff. companies of announces dividends in recent days trying to avoid the tax hikes set to kick in at the end of the year. who is really making money on this? >> a lot of people especially ceos more than 110 companies have announced special dividends in the fourth quarter alone that's more than three times last year's fourth quarter. the...
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Dec 27, 2012
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becky continues to have the day off today. our guest host today is bob broska. house speaker john boehner urging the senate to come up with a passable fiscal cliff solution. he's promising to at least consider any bill that the upper chamber produces. senate majority leader harry reid now expected to base any legislation on a bill passed earlier this year to continue tax breaks for households will incomes below $250,000. a senate bill would likely contain an extension of expiring unemployment benefits. and the other big news of the morning, treasury secretary tim geithner unveiling a plan to buy time under the debt ceiling. in a letter to congress, geithner saying that treasury is going to begin taking steps this week to delay hitting the government's 16$16.4 trillion borrowing limit. treasury will take several measures to save that next year to keep the government from reaching the limit for about two months. but geithner warns it is harder to predict how long the delay will last because of all of this ongoing fiscal cliff negotiations making it harder to forec
becky continues to have the day off today. our guest host today is bob broska. house speaker john boehner urging the senate to come up with a passable fiscal cliff solution. he's promising to at least consider any bill that the upper chamber produces. senate majority leader harry reid now expected to base any legislation on a bill passed earlier this year to continue tax breaks for households will incomes below $250,000. a senate bill would likely contain an extension of expiring unemployment...
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Dec 13, 2012
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becky is out today. take a look at futures as we set up the day after what was a down day yesterday. dow looks like it will open up down ten points lower. s&p 500 off about 2.5 points and the nasdaq off a little over four points as well. some of the morning headlines, sprint nextel offering $2.90 share for 49% of clearwire it doesn't already own. our own david faber reported earlier this week that the two sides were getting close to a deal. clearwire has acknowledged that the offer says the discussions between the two are continuing. the future of american airlines will be in focus today. the ceo scheduled to address the pilots union with the view of the airline's future following its bankruptcy restructuring. the unions favor a merger with us airways that would turn management over to that airline's executives. we talked a lot about that. the u.s. home reowe potions rose to a nine-month high in november. that's according to a new figure from realty track even as the number of homes entering foreclosure
becky is out today. take a look at futures as we set up the day after what was a down day yesterday. dow looks like it will open up down ten points lower. s&p 500 off about 2.5 points and the nasdaq off a little over four points as well. some of the morning headlines, sprint nextel offering $2.90 share for 49% of clearwire it doesn't already own. our own david faber reported earlier this week that the two sides were getting close to a deal. clearwire has acknowledged that the offer says the...
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isolated there and also about the government as long as the united states continues to support and to becky's. the concern is less big europe the state in the last vote in the un but steve israel feels that europeans are supporting basically supporting israel can they count on the same level of u.s. support in the future israel. that's an open question it's. a very promising american president who disappointed many in this part of the world in his first but maybe the second term will look look like the first and maybe president obama will go for really courageous. historical steps in the middle east but this is still to be proved or i getting things to be on the line gideon levy the israeli since your thoughts. but surely export tons of fruit and vegetables cosmetics and other goods to the e.u. every year but despite being labeled as made in israel some of those don't exactly originate from there indeed many are produced in settlements considered illegal under international law and now there are calls to ban these type of exports or at least in for some more accurate labeling is artie's paper
isolated there and also about the government as long as the united states continues to support and to becky's. the concern is less big europe the state in the last vote in the un but steve israel feels that europeans are supporting basically supporting israel can they count on the same level of u.s. support in the future israel. that's an open question it's. a very promising american president who disappointed many in this part of the world in his first but maybe the second term will look look...
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i'm becky quick along with joe kernen. andrew ross sorkin is off. we have two well-known market voices joining us. barry knapp and richard bernstein. we have a lot to talk about. thanks for coming in. we'll start things off in just a moment. we do want to begin with the markets and that looming fiscal cliff. the dow finishing november lower for the second consecutive month. the blue chips falling half a percent in november. and #% sinnasdaq and s&p did fi higher last month. six out of ten sectors managed to post a gain. consumer discretionary stocks up the most. utilities the biggest losers. and while individual trading sessions may have been choppy, it was another month of low volatility. the vix remained below 20 for the fourth consecutive month and that's the longest streak since february of 2007. a big part of the market story has obviously been a big topic dominating the sunday talk shows. tim geithner arguing republicans need make the next move in negotiations. >> republicans have said that they don't like those reforms or they would like to d
i'm becky quick along with joe kernen. andrew ross sorkin is off. we have two well-known market voices joining us. barry knapp and richard bernstein. we have a lot to talk about. thanks for coming in. we'll start things off in just a moment. we do want to begin with the markets and that looming fiscal cliff. the dow finishing november lower for the second consecutive month. the blue chips falling half a percent in november. and #% sinnasdaq and s&p did fi higher last month. six out of ten...
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Dec 12, 2012
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>> absolutely. >> in for becky quick. andrew ross sorkin is joining us in the next hour with a lineup that you won't believe. second to none power players in the world of investing. carlisle's david rubenstein, steve schwartzman, mark andreesen, jamie dimon among the people we'll be talking to. >>> in the house of representatives, a busy day ahead for fed policy -- in the day ahead, a busy day for fed policymakers. fed expected to announce another bond-buying plan that will replace the expiring operation twist. it will also issue its latest economic outlook at 2:00 p.m. eastern followed by 50 minutes later by a news conference starring chairman bernanke. i bet you'll hear about the fiscal cliff. a couple of earnings reports of note out this morning. costco's reporting fiscal first quarter profit of 95 cents a share. two cents above estimates. the results helped by an increase in sales. also higher membership fees. and joy global earned $2.13 a share in its fourth quarter. that excluded items, estimates were for $1.91. its
>> absolutely. >> in for becky quick. andrew ross sorkin is joining us in the next hour with a lineup that you won't believe. second to none power players in the world of investing. carlisle's david rubenstein, steve schwartzman, mark andreesen, jamie dimon among the people we'll be talking to. >>> in the house of representatives, a busy day ahead for fed policy -- in the day ahead, a busy day for fed policymakers. fed expected to announce another bond-buying plan that will...
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i know some people will be away next week, including becky. but we'll be together this is the best. you'll love this stuff, if you remember last year. you give bottles of this away and you make friends, i promise you. >> barry, your thought on what we do here for the market? >> first of all, broadly, i think the market has had -- and will continue to have a really difficult time assessing public policy risks. my first 24 years in the business, the only focus that you have was on the fed. and so we're just in the wrong spot. >> happy holidays to everybody. squawk is like a cocktail party in the morning. so thank you, guys. appreciate it. >> happy holidays, everybody. time for "squawk on the street." >>> good friday morning. welcome to "squawk on the street." i'm melissa lee, along with carl cramer and david faber. this could be a very big day in the markets. the day after the attempt to pass plan b in the house has failed. we saw the futures down as much as 200 points. right now we're down 162 on the dow. the s&p looking to lose about 19 at the open. most notely we're seeing a spike
i know some people will be away next week, including becky. but we'll be together this is the best. you'll love this stuff, if you remember last year. you give bottles of this away and you make friends, i promise you. >> barry, your thought on what we do here for the market? >> first of all, broadly, i think the market has had -- and will continue to have a really difficult time assessing public policy risks. my first 24 years in the business, the only focus that you have was on the...
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i thought becky was going to be here. i got becky, because she's kind of a jersey girl. i got this for all my guys in the company. the guy who runs my d.c. office, dan clifton. this is fiscal clifton world tour. and all the places where he was, various and sundry places -- >> who is that band? >> this is k.i.s.s. and my partner -- >> we've got to go. jason, thank you for all of this. we appreciate it very much. join us on wednesday. happy holidays. "squawk on the street" starts right now. >> can't wait to see what jason got us here. welcome to "squawk on the street" on this final trading day before christmas. i'm carl, with melissa lee, david faber at the nyse. the new york stock exchange and nasdaq closing at 1:00 p.m. eastern time. the futures, a little bit of weakness here which we'll talk about in a minute, after it comes after a pretty bad day on friday. the european markets closed for the christmas eve holidays. london, paris, spain have each completed shortened sessions in light of the christmas holiday as well. the friday sell-off, only five trading days are left
i thought becky was going to be here. i got becky, because she's kind of a jersey girl. i got this for all my guys in the company. the guy who runs my d.c. office, dan clifton. this is fiscal clifton world tour. and all the places where he was, various and sundry places -- >> who is that band? >> this is k.i.s.s. and my partner -- >> we've got to go. jason, thank you for all of this. we appreciate it very much. join us on wednesday. happy holidays. "squawk on the...
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Dec 10, 2012
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becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much better. they're still 35% chance it will not happen. it's not exactly confidence building. >> not necessarily confidence building. always interesting to me how people can put percentage chances on anything like this. seeing how difficult it is and how the story changes to a certain steextent each day. who knows what's going to happen. >> public care, confidence numbers, spending, any relationship to the fiscal cliff at five. >> i don't know. i just don't know. i think anecdotally, from what i have been able to observe, no. but i can't speak for that. the journal today has the lead stories of consumer spending starting so slow. and in part, they cite the fiscal cliff. i think if you were out there, you would get answers that would not necessarily describe it correctly. >> it's a shame it's called fiscal cliff. and called radi
becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much better. they're still 35% chance it will not happen. it's not exactly confidence building. >> not necessarily confidence building. always interesting to me how people can put percentage chances on anything like this. seeing how...
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futures are showing some resilience as becky said, despite no deal yet in congress. but remember, the sell-off on friday and friday night was pretty severe. the dow is set to open below 13,000. markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close december with a loss. the question is, does it continue to sell off if there isn't an accord in congress. >> we will always have china. manufacturing pmi data from last night is the best in 21 months. can we finally say the chinese economy has been stabilized. >> but of course, we start in washington. as you know, congress comes back today. the house gaveling into session now with legislative business starting at 10:00 a.m. the senate returns at 11:00 a.m. eastern. there are only a few hours left to get a deal done. eamon? >> you're already hearing people talk the way they talk on new
futures are showing some resilience as becky said, despite no deal yet in congress. but remember, the sell-off on friday and friday night was pretty severe. the dow is set to open below 13,000. markets in europe mixed after a shortened session in the uk, france and spain. our road map starts right where we were months ago, waiting for the 112th congress to agree on a debt reduction package. the senate convenes at 11:00 a.m. >> the dow had its worst day in a month on friday. set to close...